Laos losing billions from financial leaks, tax evasion: PM


The government will modernise revenue collection system at more border crossings to boost national income. - VT

VIENTIANE (Vientiane Times/Asia News Network): Billions of kip have been lost due to financial leaks and the evasion of tax/tariff payments at border crossings, government leaders have learned.

Prime Minister Phankham Viphavanh told the National Assembly that the data provided by the sector responsible stated that Laos imports 1,200 million litres of fuel a year.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Laos , tax , evasion , finances , smuggling , losses

   

Next In Aseanplus News

China-Laos Railway spurs regional economic growth; Laos report good returns
Emerging Markets - Buoyant dollar weighs on Asian FX, stocks rally on global tech boost
13 women convicted in Cambodia of acting as surrogates for foreign clients
Giant panda star and lovable Fu Bao under close observation after health alert
38 Vietnamese tourists reported missing in South Korea’s Jeju island
Tencent’s ‘Path Of Exile 2’ tops PC game charts in major markets
Australian research links unhealthy diets to deadly cancers
Exxon weighing sale of RM4.5bil Singapore petrol stations, according to sources
Australia, Singapore agree to seek expanded access to their defence facilities
Gobind: 17.5 million 5G users in Malaysia

Others Also Read